E Alain Nkontchou’s Bosquet Investments has acquired a 21% stake in Ecobank from Nedbank, marking a new chapter in the bank’s growth and transformation strategy.
While the deal awaits regulatory approval, it already signals a significant change in ownership.
Strategic Realignment
This transaction comes as Nedbank shifts its focus to its core markets in Southern and Eastern Africa, where it directly owns and manages operations.
To facilitate the deal, Enko Capital Management LLP acted as lead advisor, while Absa Bank’s Corporate and Investment Banking division provided co-financial advisory support.
Leadership And Growth
Moreover, Nkontchou, who joined ETI’s board in 2014 and chaired it from 2020 to 2024, expressed his enthusiasm for the acquisition.
“I look forward to supporting Ecobank in advancing its growth, transformation, and returns,” he said.
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Similarly, Ecobank CEO Jeremy Awori welcomed Bosquet Investments, noting, “This move demonstrates strong confidence in our strategy, performance, and people.”
He also praised Nkontchou’s leadership and long-standing contributions and acknowledged Nedbank’s 17-year partnership as “constructive and valued.”
In addition, Nkontchou co-founded Enko Capital in 2008 with his brother Cyrille.
Together, they actively manage both traditional and alternative investment funds across Africa, overseeing approximately $1.2 billion in assets.
Overall, this milestone not only changes ownership but also strengthens Ecobank under leaders with deep ties and a shared vision for growth.
